What's Hot

1. Imagine receiving $1000.00 tax free for two years. This is done with the help of a new grant program. A homebuyer education class is required.
   
2. Allow the lender or seller to pay off your mortgage insurance. Some education may be required with lower fico scores.
   
3. Seller assists a third party company to help the buyer with down payment and closing costs--can you say Nehamaiah? Many newcomers have also been widely accepted thus increasing the options.
   

4. Relatives credit back equity---this is popular for relatives selling in an interfamily transaction. This allows for more options.
   
5. Lease Options---These can be as unique and creative as the individual selling the property. These can be a tremendous value to both buyer and seller.
   

6. National Homebuyer's Fund: --Receive 100% financing with one below market rate loan and flexible underwriting guidelines and let the government pay your mortgage insurance.--Funds have been in short supply lately.
   
7. Pay Option Arms – These come in a wide variety and are for those who want the absolute lowest payment possible. 95-100% financing options are still available.--Guidelines are however constantly changing.
   
8. Cal Housing and Finance Agency mortgages and down payment assistance programs.--Below market programs using California taxpayer bonds.
   
9. Mortgage Credit Certificates.--The greatest thing since sliced bread.
   
10. For first time buyers with a disabled family member: HomeChoice
    A statewide program designed to assist low-and-moderate-income borrowers who are disabled, or have family members with disabilities living with them, in purchasing a home. A 4% interest rate loan to 103% financing.